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Form 172 NOL

The_AntiTax_Man
Level 8

@AlJr  Yes, there are always impatient clients.  If the client gives you everything that you need to complete their return you certainly want to accommodate them.  And the stack of nearly completed returns gets higher on the corner of your desk each day.  So, you can visually see what has been left undone.  And you would like to provide your client with a finished product and get paid so that you can pay your bills.  You are rightfully upset that your software company has let you down again.    

I've been waiting for Intuit to provide a ProSeries 1040 NOL carryforward worksheet for years now.  No communication back if they are working on something or not.  Now, at long last there is a glimmer of hope that maybe, just maybe, it will happen this year.   

CookGorrell
Level 1

Farm returns are due to the IRS on 3/1/2025 - 3/6/2025 will make every return late and subject to penalties.  

a-zbookkeeping
Level 1

According to the IRS Released Form, Form 172 was Finalized & Released on 01/16/2025!!! I Don't understand the Intuit Delay till 03/06/2025

0 Cheers
BobKamman
Level 15

Have you ever run a software company?  It's not an easy form to program (speaking as someone who used to program my own TRS-80 to do tax returns, in the good old days).  And IRS hasn't been too obvious about announcing that it's a new requirement.  Is the delay caused by Intuit, the worst tax software company in the world except for all the others, or by IRS, where "reeling" is their middle name.

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